The firm has created a specialised course with nine comprehensive modules and virtual classrooms
The fact that only about 155,000 candidates applied for about 91,000 such positions on the first day surprised many. The number is expected to go up
Within just 24 hours of its launch, the Prime Minister Internship Scheme has attracted over 1,55,000 applications. Watch the video to know more.
Overall, over 91,000 opportunities have been posted on the internship portal, and 155,000 applicants have registered to apply
Shortlist of candidates identified by AI to be shared with firms on Oct 15
The scheme would target providing 125,000 internship opportunities to youth aged 21 to 24 in FY 2024-25 with a budget of Rs 800 crore
The Ministry of Corporate Affairs would make the portal open for candidates to apply from October 12th to October 25th
The internships are available in fields such as sales and marketing, production and manufacturing, operations management, among others
Selected participants will receive a monthly stipend of ~4,500 from the government, with an additional ~500 provided by companies as part of their corporate social responsibility (CSR) initiatives
The government on October 3 launched the Prime Minister Internship Scheme as a pilot project to provide about 1.25 lakh internship opportunities to youth. Watch the video to know the key details
Aims to provide 125,000 internships in FY25
The government on Thursday rolled out the internship programme that will provide financial assistance of Rs 60,000 per annum to 1 crore youth over a period of five years. In 2024-25, the total cost of the pilot project will be around Rs 800 crore and will look to provide internship to 1.25 lakh candidates during this fiscal, government sources said on Thursday. Announced in the Union Budget 2024, the Prime Minister's Internship Scheme in Top Companies will also provide insurance coverage to the interns. The scheme will be implemented through an online portal developed by the corporate affairs ministry. Subject to certain conditions, youth aged between 21 and 24 years will be eligible for the scheme, the sources said. The internship programme will commence on December 2. Through the portal, the sources said, partner companies can offer internship opportunities and the top companies for the pilot project have been identified on the basis of the average of their CSR expenditure in t
With an overall outlay of Rs 2 trillion, this scheme aims to enhance the employability of young people, particularly those with limited access to higher education or specialised training
Candidates can send applications from October 12
A 'neutral panel' to select a pool of applicants after AI-based shortlisting
By transitioning qualified delivery partners into the role of sales executives, Project Next aims to enhance restaurant expansion across over 150 growing markets
Unlike medicine, where colleges and hospitals offer internships internally in most cases, students from the fields of media and law are left to the vagaries of the job market
Automation, AI, and digitisation are not limited to a particular sector and while jobs have evolved, skillsets haven't
Hema Bajaj, Ruhie Pande, Amit Das, and Suryanarayan G Iyer speak with Business Standard's Nivedita Mookerji on Budget 2024's apprenticeship programme at BSmart HR Conclave
The MCA has held industry consultations on the scheme before finalising the guidelines. The ministry will also put in place checks and balances in the scheme to ensure transparency